Telecom & Wireless
Samsung Sales, Profit Still on the Rise
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Samsung demonstrated once again why it is the consumer electronics and smartphone company most feared by its competitors. Its sales and earnings pick up speed with each new quarter, and it has become the clear leader worldwide in both total cellphone sales and more sophisticated handsets. The launch of the new Galaxy 4S should increase its dominance in the latter category.
The Telegraph reports:
The world’s largest maker of smartphones, memory chips and televisions estimated on Friday that operating income rose 53pc to around 8.7 trillion won (£5.1bn) in the three months to the end of March, as sales grew 15pc from a year earlier to 52 trillion won.
The preliminary result is better than the 8.3 trillion won forecast by analysts, although it marks the end of five straight quarters of record profit.
Analysts predicted that Samsung’s earnings would hit a new high in the current quarter when its latest smartphone, the Galaxy S4, hits the market.
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